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Resorts World secures financing11 February 2008SINGAPORE -- As reported by the Thomson Financial: "Genting International Plc, the Singapore-listed subsidiary of Malaysian gaming giant Genting Bhd, said Monday its wholly-owned unit Resorts World at Sentosa Pte Ltd has secured 4.2 billion Singapore dollars in funding for the development of its casino resort project on Sentosa island. "The funding will be provided by a syndicate of banks including DBS Bank, Oversea-Chinese Banking Corp, HSBC, Royal Bank of Scotland and Sumitomo Mitsui Banking Corp. "...The entire project, which sits on a 49-hectare site, will cost about 6 billion dollars to build..." |